Boiler Room: The Official Stock Market Discussion

Serious

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1st Round Playoff Exits
Your stock broker will send forms to the IRS showing you lost money so they'll be aware and will be looking for a matching line item on your taxes. You are legally required to declare the profit/loss on your equity holdings if sold during the taxable year.

I don't know why you wouldn't want to claim it... It'll lower your taxable income..Ex: Say you made 10k for the year, you can claim this 900 loss and now your total taxable amount is 9,100 (Thus you're gonna pay less taxes).
:ohhh: I should really trim down my savings
 

Serious

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I was told that the market is gonna have a correction soon and I been reading that the volatility ETFs are at an all time low :yeshrug:

I was actually thinking about getting some VIIX and holding on to it for a hot minute...say until 2018 when I heard shyt might get a little rough.

But I'm not an expert...
Im trying get ready for a financial collapse, so I can invest heavy in inelastic brands while everyone is trying cash out. Just waiting for that moment. :ohlawd:

 

princeofhaiti

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You can, just leave that TLR fukkery alone and focus on getting paid, like the rest of us.
I seen a friend on snapchat who said he invested 28 bucks into 1 share of snap and after 3 days he had upwards of 400 bucks:ohhh:

How do i get in on this lifestyle:wow:
 
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